Crafts retailer Joann files for bankruptcy after 81 years [FOX Business Network]
JOANN, Inc. - common stock (JOAN)
Company Research
Source: FOX Business Network
Joann Inc., the Ohio-based fabric and craft retailer, has filed for Chapter 11 bankruptcy protection after 81 years in business. The company made the announcement Monday, adding it could become privately owned as soon as next month. Joann Fabrics and Crafts stores and website will remain open and continue operating as normal, according to a press release. "There is no other retailer with the same ability to serve sewists, quilters, crocheters, crafters and other creative enthusiasts as we have for the past 80 years, and we take great pride in seeing the passion and engagement of our millions of customers and our Team Members," Chris DiTullio, chief customer officer and co-lead of the interim office of the CEO, said in the release. The company was founded in 1943, and operates 829 store locations across 49 states. "This agreement is a significant step forward in addressing JOANN's capital structure needs, and it will provide us with the financial resources and flexibility ne
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News
- Gordon Brothers Provides $100M Exit Facility Commitment as Agent for Jo-Ann Stores [Yahoo! Finance]Yahoo! Finance
- Opinion: America briefly rediscovered a love of sewing. It wasn't enough to rescue Joann Fabrics [CNN]CNN
- Opinion: America briefly rediscovered a love of sewing. It wasn't enough to rescue Joann Fabrics [CNN]CNN
- News Quiz: March 22, 2024 [FOX News]FOX News
- The Daily Money: Catch solar eclipse from the sky? [USA TODAY]USA TODAY
JOAN
Earnings
- 12/4/23 - Beat
JOAN
Sec Filings
- 3/22/24 - Form 8-K
- 3/18/24 - Form 8-K
- 3/15/24 - Form 3
- JOAN's page on the SEC website